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RMIT Vietnam team wins HSBC Business Case Competition Vietnam

Released at: 17:03, 28/04/2018

RMIT Vietnam team wins HSBC Business Case Competition Vietnam

Photo: RMIT

The Outliers overcome two other teams, one also from RMIT, in local round and now head to regional competition from June 5 to 8.

by My Van

An RMIT Vietnam team of four undergraduate students has won the HSBC Business Case Competition Vietnam 2018. The team beat out two other finalists to receive VND50 million ($2,200) in prize money and will represent Vietnam at the regional round of the competition in Hong Kong from June 5 to 8.

The winning team, called The Outliers, includes students Nguyen Hoang Yen Khanh, Luu Thai Quang Khai, Tran Vo Thanh Tu and Rahul Ravindranath. In Hong Kong they will compete against top students from across Asia in front of over 80 senior business executives for the chance to win the $10,000 prize.

Mr. Pham Hong Hai, CEO and Chairman of the Corporate Sustainability Committee at HSBC Vietnam, congratulated all the teams that participated in the national competition.

“I would like to congratulate The Outliers and all of the runners-up for a very exciting final,” he said. “The judges were all highly impressed with each of the teams’ analysis and the clarity of their arguments. I believe every team participating in this year’s competition has gained valuable experience that will give them great confidence when they start their careers.”

Each team was given a real-world business case involving a major car manufacturer cheating on emissions tests. They were given three hours to create solutions through analysis, idea proposals and slide preparations, which were then presented to a panel of judges for 15 minutes. The presentations were followed by a Q&A session.

Bachelor of Business (Economics and Finance) student Rahul said his team took a different approach by changing the core business issue to governance, which the other two teams in the final did not tackle.

“Our team set ourselves apart since we talked about governance, which is the real issue in this case,” Khanh added. “Our team believes that if you want to get through a crisis and prevent it, you need to dig deeper into the problems.”

The format of the competition required quick thinking and strong team work, apart from knowledge gained over time. According to the members of The Outliers, in addition to understanding each other, gaining broad knowledge and skill sets will prepare them for the next round.

“To prepare for the regional finals we think it’s important to improve our knowledge to provide better, more practical ideas,” said Bachelor of Business (Management) student Tu.

“I think the skill we need is a wider understanding of different industry needs,” said Khai, who is pursuing a Bachelor of Digital Marketing.

RMIT Vietnam’s WonderKids team, meanwhile, won third prize and VND20 million. The second runner-up was a team called Revolution from the Foreign Trade University in Hanoi.

HSBC Vietnam partnered with Junior Achievements Vietnam to organize the HSBC Business Case Competition in Vietnam, which is the local round of the HSBC/HKU [Hong Kong University] Asia Pacific Business Case Competition.

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